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Pulp Mill At the Baikal Can Be Resumed
18.01.2014 00:46
Pulp Mill At the Baikal Can Be Resumed
(Source: http://en.ria.ru/business/20120928/176287762.html)

The Head of the Baikal Pulp and Paper Plant said that the enterprise shutdown was a myth.

      The bankruptcy manager of the Baikal Pulp and Paper Plant Alexander Ivanov said that the information about the official shutdown of the production at the Baikal Pulp and Paper Plant (BPPP) spread before is a myth. “Pulp mill at the enterprise was terminated in September 2013 by the decision of the meeting of creditors, which was followed by the announcement of the planned reduction of about half of the personnel (the rest of them will still remain in employment at the TPP heating Baikalsk) - the manager said.  “The enterprise will be considered officially shut down only after bankruptcy proceedings and its exclusion from the register of bankrupts”.

      Ivanov noted that the concept of “enterprise shutdown” involves the approved plans of its termination, shutdown and reforming. None of these is present now. Vnesheconombank only begins to order their development to the design institutes. Hypothetically, pulp mill at the Baikal can be resumed at any time without government permission, if the creditors deem it necessary.




Author: Anna Dorozhkina

Tags: Baikal     

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